Reported 2 days ago
The Trump administration's tariffs on imports have severely impacted four industries: consumer goods, automotive, agriculture, and steel & aluminum using sectors. Consumer goods companies faced the highest price hikes, while automakers are contending with rising vehicle costs due to steel and aluminum tariffs. Farmers are suffering from retaliatory tariffs on exports and costs for necessary agricultural inputs. The steel and aluminum industries are also grappling with soaring metal prices, affecting multiple production areas.
Source: YAHOO